{
    "type": "ETP",
    "ucits": false,
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": true,
    "replication_method": "physical",
    "complex_factors": [
        "Leverage",
        "Inverse Exposure",
        "Compounding Effect",
        "High Risk Profile"
    ],
    "classification": "complex",
    "supporting_data": "The Leverage Shares -3x Short Silver ETP is classified as complex due to its -3x inverse leverage, which introduces significant risk and complexity. The product explicitly states it is not simple and may be difficult to understand, targeting only sophisticated investors. The compounding effect from daily rebalancing further complicates the return profile, making it unsuitable for retail investors without specialized knowledge. The high risk indicator (7 out of 7) and the potential for substantial losses reinforce this classification. While the replication method is physical, the leverage and inverse exposure are the primary drivers of complexity under MiFID II.",
    "confidence": 95
}